GPTODCO-A INC

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Financial Vulnerability Assessment (Tuckman-Chang)

4 risk indicators measuring financial stability and operational resilience

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Financial Trends

Organization Details

Formation Year

1991

Legal Domicile

Principal Officer

JOHN ELBERLING

Phone

4158961880

Tax Period

2023-01-01 to 2023-12-31

GPTODCO-A INC, founded in 1991, is a small nonprofit in the Housing & Shelter sector that reported $259K in total revenue in fiscal year 2023. Revenue fell 38% from the prior year — a significant decline worth monitoring. Expenses of $2.5M exceeded revenue, resulting in a 855% operating deficit.

Mission

DEVELOP AFFORDABLE HOUSING IN SAN FRANCISCO'S SOUTH OF MARKET EARTHQUAKE RECOVERY REDEVELOPMENT AREA FOR THE BENEFIT OF LOW INCOME, ELDERLY, AND DISABLED RESIDENTS.

Program Service Accomplishments

Program 1

Expenses: $2,443,514 Revenue: $40,600

GP/TODCO-A PROVIDES DEVELOPMENT ADMINISTRATIVE SERVICES TO AFFORDABLE HOUSING PROJECTS IN SAN FRANCISCO'S SOUTH OF MARKET EARTHQUAKE RECOVERY REDEVELOPMENT AREA FOR THE BENEFITS OF LOW-INCOME...

GP/TODCO-A PROVIDES DEVELOPMENT ADMINISTRATIVE SERVICES TO AFFORDABLE HOUSING PROJECTS IN SAN FRANCISCO'S SOUTH OF MARKET EARTHQUAKE RECOVERY REDEVELOPMENT AREA FOR THE BENEFITS OF LOW-INCOME, ELDERLY, OR DISABLED RESIDENTS. THE PROJECTS DEVELOPED BY GP/TODCO-A CONSIST OF THE KNOX SRO, WOOLF HOUSE III, HOTEL ISABEL, LELAND, AND BAYANIHAN HOUSE PROJECTS THAT PROVIDE HOUSING FOR QUALIFIED HOUSEHOLDS. IN ADDITION, GP/TODCO-A IS THE CORPORATE GENERAL PARTNER IN THE KNOX PARTNERS LIMITED PARTNERSHIP, HOTEL GRAND SOUTHERN AND BAYANIHAN PARTNERS, WHICH OWN THE KNOX SRO, HOTEL ISABEL AND BAYANIHAN HOUSE PROJECTS, RESPECTIVELY. THESE PARTNERSHIPS QUALIFY FOR LOW-INCOME HOUSING TAX CREDITS UNDER SECTION 42 OF THE INTERNAL REVENUE CODE.

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Trantor Score

Financial Health Score (300–850) · Liquidity · Solvency · Sustainability · Efficiency

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Liquidity (40%) • Solvency (30%) • Sustainability (20%) • Efficiency (10%)

Financial Overview (2023)

Revenue Breakdown

Contributions & Grants $206,679

Program Service Revenue $40,600

Investment Income $12,220

Other Revenue $0

TOTAL REVENUE $259,499

Expense Breakdown

Grants Paid $206,679

Salaries & Benefits $0

Fundraising Expenses $0

Program Expenses $2,443,514

Other Expenses $2,272,174

TOTAL EXPENSES $2,478,853

Year-over-Year Comparison

	2023	2022	Change
Revenue	$259,499	$419,235	-0.4%
Expenses	$2,478,853	$1,961,015	+0.3%
Net Income	$-2,219,354	$-1,541,780	+0.4%

Key Indicators

✓ Grants to Organizations ✗ Grants to Individuals ✗ Lobbying ✗ Political Activity ✗ Foreign Activities ✗ Donor Advised Fund ✓ Schedule B Required

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Financial Health Indicators

Comprehensive financial analysis: Altman Z-Score, liquidity, solvency, sustainability, efficiency, and growth metrics

Financial Distress Indicator

Liquidity & Cash Position

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Altman Z-Score • Liquidity Ratios • Solvency Analysis • Growth Indicators • Efficiency Metrics

Governance

Voting Members

Independent Members

Employees

N/A

Volunteers

Governance Policies

✓ Conflict of Interest Policy

✓ Whistleblower Policy

✓ Document Retention Policy

Special Practices & Reported Activities

✗ Operated a School

✗ Operated a Hospital

✗ Provided First Class Travel

✗ Reported Conflict of Interest

✗ Reported Asset Diversion

✗ Excess Benefit Transaction

✗ Made Political Expenditures

✗ Engaged in Lobbying

✗ Operated Donor Advised Fund

✗ Maintained Art Collections

✗ Filed Form 720

Compensation of Officers, Directors & Key Employees

Total Officers

Total Directors

Key Employees

Highest Compensated

reported

Name	Title	Hours/Week	Role	Reportable Comp	Other Comp	Total
KAREN GANSEN	ASSISTANT SECRETARY	1.00	Officer Director	$0	$0	$0
ALBERT GILBERT	BOARD CHAIR/SECRETARY	1.00	Officer Director	$0	$0	$0
MICHAEL PACIA	DIRECTOR	1.00	Director	$0	$0	$0
BERNADETTE SY	TREASURER	1.00	Officer Director	$0	$0	$0
CARLA LAUREL	DIRECTOR	1.00	Director	$0	$0	$0
MATTHIAS MORMINO	DIRECTOR	1.00	Director	$0	$0	$0
DORA LEE - LEFT 22823	SECRETARY	1.00	Officer Director	$0	$0	$0
DENIS HENMI - LEFT 22823	DIRECTOR	1.00	Director	$0	$0	$0
ERIC TAO - LEFT 22823	DIRECTOR	1.00	Director	$0	$0	$0
ALLAN MANALO - LEFT 22823	DIRECTOR	1.00	Director	$0	$0	$0
JOHN ELBERLING	PRESIDENT	5.00	Officer	$0	$0	$0
ANNA YEE	CEO	5.00	Officer	$0	$0	$0

Note: Compensation data is self-reported by the organization on their Form 990. "Reportable Comp" includes salary, bonuses, and other reportable compensation from the organization and related organizations. "Other Comp" includes benefits, deferred compensation, and non-taxable benefits.

Historical Data

Year	Revenue	Expenses	Assets	Net Income
2024	No data	No data	No data	No data
2023	$259,499	$2,478,853	$1,478,254	$-2,219,354
2022	$419,235	$1,961,015	$1,452,034	$-1,541,780
2021	$552,948	$2,697,238	$1,655,541	$-2,144,290
2020	$237,757	$2,349,037	$1,508,533	$-2,111,280